Overview
- The Privatisation Division said negotiations now center on share purchase and shareholders’ agreements after several days of pre-bid meetings.
- Reserve price approval from the federal cabinet is the next step before opening the final bids.
- The pre-qualified bidders are Fauji Fertilizer Company Ltd, Air Blue, a Lucky Cement–Hub Power–Kohat Cement–Metro Ventures consortium, and an Arif Habib–led group that now includes AKD Group.
- The National Assembly committee recommended at least five years of job protection for staff and full safeguards for pensioners.
- Officials told the panel PIA operates 18 aircraft and would need 35–38 additional planes for sustainable operations, with future owners required to retain experienced staff.